Company Registration – How to Register a Company in India in 7 days a complete guide
As an entrepreneur, you decided to form and run a company now the first step is deciding the structure of the company and the kick start the process of Company Registration in India.
Easily Register a Company
Private limited company is the most popular in India due to various advantages such as fundraising, equity dilution, easy FDI (Foreign Direct Investment). Virtual Auditor offers company registration from Rs.9999/-
Private Limited Company is the best choice for start-up and large companies as its investors preferred the choice of company registration.
Company Registration process is governed by Companies Act 2013 under Company Incorporation Rules 2014 issued by the Ministry of Corporate Affairs Government of India under the jurisdiction of regional Registrar of Companies
The Cost of Company Registration in India would depend on the number of directors, share capital of the company and State of Registration
Virtual Auditor is experts in registering a private limited company, one person company, Nidhi company, section 8 company, producer company or Indian subsidiary.
The average time taken to complete company formation is about 10 – 15 working days, subject to government processing time and client document submission.
Advantages of Company Registration
Separate legal identity- One of the major benefits that come with company registration is that the company is a separate and distinct legal entity
Limited Liability- The private limited company is a separate legal entity from its members. Thus the liability of the members of private limited company is limited to extent of the Share Capital Contributed and subscribed.
Perpetual succession- One of the major benefits that come with private limited company registration is that the life of the company does not come to an end even with the death of all members and the shares are transmitted to the legal heirs
Ease of formation- Company registration is easy to process compared to other forms of registration is it’s completely online, done through Ministry of Corporate Affairs website www.mca.gov.in
Easy and free transferability of shares- The shares of private limited company can easily be transferred, no hassle of redoing the entire partnership deed in case of partnership or reconstitution of LLP dead if it’s an LLP
Property can be owned in Company Name (Company as Owner)- The Company is a separate legal entity is empowered to acquire, own, enjoy and alienate, property in its own name.
Raising the Foreign Direct Investment- In the private limited company registration, any Non Resident or foreigner national can make the investment through the automatic route i.e. without the government approval.
STEPS INVOLVED IN COMPANY REGISTRATION IN INDIA
Step 1: Apply RUN ( Reserve Unique Name Form ) (Name Availability)
Step2: Obtain DSC and Form SPICE INC-32 (E Form used for Company Registration)
Step3: Drafting of MOA in SPICE INC – 33 and AOA In SPICE form company registration
Step4: PAN and TAN Application Along with Form SPICE INC -32 (E Form used for Company Registration)
Step5: After completion of the above-mentioned process of company registration, RoC
Step 6: Issues Certificate of Incorporation, PAN & TAN
Step 7 : Now Apply for GST Registration / ESI PF Registration along with Company Registration
How to choose a Company Name for Company Registration?
Do you know how many company names get rejected by Centralized registration center of MCA? and why checking of Company name availability is very important?
Well, more than 70% of the names applied online are rejected by MCA
Before commencing the process of Company Registration, please ensure that you check the Company name in the following link http://www.mca.gov.in/mcafoportal/showCheckCompanyName.do
Check also in trademark registry in the following link http://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx
For Complete guide on how to choose the company name check click here
What are the Documents Required For Company Registration?
Documents Required for Company Registration are listed below
- Identity and Address Proof of Share Holders and director
- PAN Card of the Director
- ID Proof such as aadhar , passport or driving license (Anyone)
- Latest Bank Statement or telephone bill in the name of the director
- Registered Office proof
- Rental Agreement in case the Company Registered office is Rented along with NoC from owner along with EB CARD (Electricity Card)
- In case of own Property tax receipt is compulsory
Frequently Asked Questions about Company Registration in India
1. What is authorized capital and paid up capital of the private limited company?
3. What is the mandatory requirement to start a private limited company?
- Company Name after due verification
- Documents of the Director (PAN , ADDHAR, Bank Statment or Telephone Bill)
- Registered office proof mentioned above
4. How long does it take to register a private limited company?
The Processing time for Name approval is 1 to 2 working days under form RUN , a post which it would take around 3 to 4 working days, the total can be done in 7 to 10 working days subject to government approval and documents being provided on time
6 Who can be a director of a company?
Any Person how has crossed the legal age to sign a contract can become a director, that is any person who is 18 Years or old can become a director
7. What is DSC & DIN?
The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents. DIN is a director identification number.
DIN Refers to Director Identification Number which is allocated along with Certificate of Incorporation through SPICe 32 Form.
8. What is the minimum investment required to set up a Private Limited Company in India?
There is no minimum capital requirement a capital can be started with as little as Rs 2 as its share capital
9.What if I don’t have any partner to join as directors? Can I Register my Private Limited Company with my family members?
How we help with company registration!
In case of any help or assistance for Company registration in India contact Virtual auditor support team on the following Contact numbers
- +91 91760 44 244
- +91 99622 30 333
- +91 95 139 39 333
- 044 48560333 / 080-61935527
- or mail us [email protected], our team will guide through the entire process and help you comply